SPECTACULAR WATERFRONT PROPERTY: 8 Tier Street is a rare and absolutely astounding waterfront property. This beautiful home just shy of 2400 square feet is sitting on a spectacular waterfront lot of 11, 475 square feet - 85 linear feet of waterfront property: facing the west side and overlooking breathtaking Manhattan skyline & water views. This remarkable property has its very OWN PRIVATE BEACH, two PRIVATE PIERS, a large covered outdoor dining gazebo, and a 600 square foot deck spanning the entire width of the house. From every single window of this home, you have 180-degree full water views - you even see both the Chrysler & the Empire State buildings. - Needless to say, sunsets, and night-time, are million-dollar views at 8 Tier Street. Tier Street is also a preferred street by its beauty, tranquility, and position in terms of the most striking water & Manhattan views. LAYOUT: The first floor has your ideal open-plan entertainment & family layout; with a large island kitchen facing the expansive open dining & family room. French-doors lead you to another stunning living room complete with a wood burning fireplace. The entire span of the first floor faces the water with floor to ceiling deck doors, and full water views from every angle. The second floor is your perfect all bedroom floorplan. Four spacious bedrooms, including a magnificent primary bedroom with its own stunning balcony, and large walk-in closet including washer & dryer. This second floor also has another kitchen since, yes, this property has a 2-family Certificate of Occupancy! Note that the highest and best use of this property currently is as a single-family home. - But never trade in the added value of a 2-family CO! Also note that the approximately 1100 square foot finished basement is not included in the 2400 square footage of this home. As a single-family use, consider turning the second-floor kitchen into a fabulous primary ensuite bathroom! This home is also equipped with two-zoned central HVAC (heating & cooling), and efficient baseboard heating. You currently have two separate laundry areas, and two full bathrooms. Pay attention to the enclosed "birds-eye view floorplan and aerial" of the entire lot and property; it perfectly illustrates the expansive property that 8 Tier Street is. It also inspires a potential expansion of the current driveway, fitting as many as 4-5 cars. It is exceptional that such a large waterfront property becomes available for sale in New York City / City Island. Needless to say, this is a property of a lifetime. LOCATION & AMENITIES: The brilliant proximity and easy commute to Manhattan makes City Island a savvy choice, as the hidden gem that it still is Nowhere else in New York City do you find such unique waterfront living with a relaxed and charming beach-lifestyle. On City Island itself you have a plethora of restaurants and boat clubs. Art galleries, a Yoga & Pilates studio, NYC Library, post office, Chase bank, a local supermarket and all kinds of social activities to further connect with this very special community. Right off the island you have New York City's largest park Pelham Bay Park - with bike, hike and running trails, Orchard Beach, horse stables, two golf courses, and at only an 8-minute drive along the enchanting Shore Road you have the fantastic New York Athletic Club Travers Island. VIDEO: Make sure you check out the illustrative walk-through VIDEO. If you don't find it "here", just search 8 TIER STREET - REAL ESTATE SALES on YouTube. (LINK: https: //youtu. be/Y-rozeDJkg0) CONTACT: Call the listing agent directly with any questions and to set up a private showing. This property is already appraised at $1, 550, 000, and is sold as is. Appliances: Exhaust FanGas CooktopGas OvenGas Range ConstructionDescription: Stucco, InteriorFeatures: Open Floorplan, LaundryFeatures: Multiple Locations, View: Ridge,
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,240,000 | $1,240,000 | $1,240,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | $923 | $923 | $923 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,041 | $7,736 | $10,380 |
Total Monthly Payment | $8,089 | $8,784 | $11,428 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.